+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Real parents reveal 16 kid expenses that are worth the money

Dec 27, 2016, 23:00 IST

A dad points out to the field with his son before a MLB game between the Detroit Tigers and the Chicago White Sox at Comerica Park on August 3, 2016 in Detroit, Michigan.Dave Reginek/Getty Images

Raising kids gets expensive, and quickly.

Advertisement

The average American family pays over $11,000 just in the first year of a child's life, and nearly $250,000 by the time they're 18. And while most of the incurred expenses prove worthwhile, not every toy, class, or experience warrants its price tag.

So how can you decipher when it's worth it to splurge?

Business Insider asked parents with children of all ages to weigh in on the financial side of having kids.

Not every parent went into their reasoning, but every family is different, and it makes sense that every expense would be valued differently, too.

Advertisement

Below, we've anonymously included 16 things they say are totally worth the cash:

Next Article